Seeing a lot of people making triangles with just 2-3 touchpoints offlate
An ideal triangle shall have at the minimum 5 touchpoints in order to give a good trending move post that
Here are few examples 👇

More from Prashant Bhansali
#RIL tgts are 2180 and 1820 positional over next few months if the high made at 2856 doesn't cross.
Not looking good.
Not looking good.
#RELIANCE update
— Prashant Bhansali (@prashant280294) April 28, 2022
Was expecting 5th wave rally towards 2800-3000 as mentioned in previous post
Move played out, but now not worth chasing anymore
Not saying the move is over, it can still go up bit more, but riskreward not good for positional longs now on, I would stay away. https://t.co/eoLshLoLBD pic.twitter.com/G0qZAEBRIX
#GreavesCotton
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X

(30) #GreavesCotton monthly chart
— Prashant Bhansali (@prashant280294) June 25, 2021
Big monthly breakout underway
Is it time to move to next orbit higher ? Looks like! #PB365 pic.twitter.com/CB0OtIow7G
More from Stockslearnings
Crisp and wonderfully explained. Urge EVERYONE to read this 🙏🏻
Friends,
— Pankaj DP (@voPAtrader) May 8, 2021
I am planning to write Stock mkt related thread (/writeup) on..
WHY STUFF WORK?
E.g. Why prior Support acts as Resistance?
If u have such questions related to Data/ TA, DM me. If possible, I shall incorporate reasoning for that as well.....#learning #stocks
4 factors to measure the performance of a trading system:
1 - Accuracy
There is no such thing as 90% Accuracy without compromising on other factors (like profit factor, etc)
Fact - A good trading system will have only 35-60% accuracy without compromising other factors.
(1/n)
2 - Profit Factor (PF)
It is similar to risk-reward. It is derived using the below formula:
Profit Factor = Total Profit by winning trades / Total loss by losing trades
Fact - A trading system above 1.2 PF is good if it scores well with other factors.
(2/n)
3 - Maximum Drawdown
The maximum drawdown also plays a vital role psychologically while picking a trading system.
Fact - Maximum Drawdown in any trading system should not exceed 20%. I suggest picking only the techniques which have less than 10% maximum drawdown.
(3/n)
4 - Maximum Consecutive Losers
We all feel bad even if we lose only Rs.1,000 in a trade. Because it is not only about the money, it is emotionally difficult to accept the failure.
Fact - A good trading system will have less than 15 consecutive losing trades.
(4/n)
TRADE LIKE CRAZY
10 Profitable Intraday Trading Systems, which are backtested against 10-years of Banknifty Historical Data!
(n/n)
https://t.co/BuUie17Ish
1 - Accuracy
There is no such thing as 90% Accuracy without compromising on other factors (like profit factor, etc)
Fact - A good trading system will have only 35-60% accuracy without compromising other factors.
(1/n)
2 - Profit Factor (PF)
It is similar to risk-reward. It is derived using the below formula:
Profit Factor = Total Profit by winning trades / Total loss by losing trades
Fact - A trading system above 1.2 PF is good if it scores well with other factors.
(2/n)
3 - Maximum Drawdown
The maximum drawdown also plays a vital role psychologically while picking a trading system.
Fact - Maximum Drawdown in any trading system should not exceed 20%. I suggest picking only the techniques which have less than 10% maximum drawdown.
(3/n)
4 - Maximum Consecutive Losers
We all feel bad even if we lose only Rs.1,000 in a trade. Because it is not only about the money, it is emotionally difficult to accept the failure.
Fact - A good trading system will have less than 15 consecutive losing trades.
(4/n)
TRADE LIKE CRAZY
10 Profitable Intraday Trading Systems, which are backtested against 10-years of Banknifty Historical Data!
(n/n)
https://t.co/BuUie17Ish
